Search results
People also ask
What type of economy does Spain have?
Why is economic activity slow in Spain?
What are Spain's economic challenges?
Why is Spain's economy thriving?
Mar 29, 2024 · According to the latest Eurostat estimates, Spain's economy is projected to grow by 1.7% in 2024 and 2% in 2025, surpassing the European Union's average of 0.9% and 1.7%, respectively.
The economy of Spain is a highly developed social market economy. It’s the world's 15th largest by nominal GDP and the sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
- Calendar year
- Euro (EUR, €)
- 47,435,597
Jan 27, 2023 · MADRID, Jan 27 (Reuters) - Spain's gross domestic product grew a faster-than-expected 5.5% in 2022 as the country avoided a recession in the final quarter despite fears of a global slowdown ...
Oct 25, 2023 · Economic Survey of Spain - 25 October 2023. Spain implemented sizable measures to cushion the impact of the pandemic and of the inflationary shock after Russia’s war of aggression against Ukraine. The economy has held up well, but public debt, which was already high, has increased because of the pandemic, making it urgent to step up the pace ...
Economic activity in Spain is set to slow but remain above the euro zone average, supported by declining inflationary pressures, accelerating real wage growth and a buoyant tourism sector. Read more: Koldo corruption scandal shakes Spanish government. Read more: Divisive Catalonia amnesty deal threatens Spain's stability
The latest macroeconomic forecast for Spain. Spring 2024 Economic Forecast: A gradual expansion amid high geopolitical risks. Economic activity in Spain is expected to grow at 2.1% in 2024 and 1.9% in 2025 driven by domestic demand and sustained by continued labour market resilience.
OECD Economic Surveys: Spain 2021. The Spanish economy entered a deep recession in 2020 due to the COVID-19 pandemic. A strong government response has protected jobs and firms. However, the crisis has exacerbated long-standing structural challenges, such as high unemployment, inequalities and regional disparities.
